British Columbia has issued provincial housing targets for the first 10 municipalities selected as part of the Housing Supply Act. The City of Vancouver has been asked to build the most at 28,900 housing units over the next five years.
“While municipal governments, including Vancouver, cannot control many of the factors affecting completion of housing projects, we can control approvals and we are focused intensely on simplifying and expediting that process,” said City Manager Paul Mochrie.
The province is giving local governments a slew of resources, including $10 million to continue implementing the Development Approvals Process Review and developing a new digital permitting process. This is funding in addition to the $1-billion Growing Communities Fund launched in February 2023 and the recently announced $51 million to support local governments in meeting new density initiatives.
“We’re taking action and working with municipal partners to make sure more homes are built in communities with the greatest housing need,” said Ravi Kahlon, Minister of Housing. “The targets include thousands of below-market rental units for the largest and fastest-growing communities. This means more people will be able find a home in the community they love.”
The first 10 municipalities were selected for housing target assessment in May 2023. The province consulted with the selected municipalities during the summer to set the final housing target orders. These housing targets are net new units to be completed within five years.
- City of Abbotsford – 7,240 housing units
- City of Delta – 3,607 housing units
- City of Kamloops – 4,236 housing units
- District North Vancouver – 2,838 housing units
- District of Oak Bay – 664 housing units
- City of Port Moody – 1,694 housing units
- District of Saanich – 4,610 housing units
- City of Vancouver – 28,900 housing units
- City of Victoria – 4,902 housing units
- District of West Vancouver – 1,432 housing units
